antitrust economics

Antitrust economics studies how market competition is affected by business practices and regulations. It aims to prevent monopolies and promote fair competition by analyzing mergers, pricing strategies, and market dominance. The goal is to protect consumers from high prices and limited choices, ensuring that companies compete fairly. When large companies stifle competition, it can lead to reduced innovation and poorer service. Regulatory bodies, like the Federal Trade Commission in the U.S., enforce antitrust laws to maintain a healthy market environment where smaller businesses can thrive and consumers benefit.